VANCOUVER, BRITISH COLUMBIA–(EMWNews – Aug. 7, 2008) – Bravo Venture Group Inc. (TSX VENTURE:BVG)(FRANKFURT:B6I) –

The Company reported today that it has been notified that a helicopter carrying contractors into the Company’s Homestake Ridge mining claims in British Columbia crashed yesterday morning. The Company has subsequently been informed that the four occupants of the helicopter did not survive the crash.

The Company has been exploring the claims since 2003 and recently established its main camp at Alice Arm from which it uses a private road to a staging site some five kilometers to its mining claims, which are then accessed by helicopter.

At this stage few details of the circumstances of the accident are known to the company and company officials are currently at the site meeting with authorities.

Lawrence Page, Chairman of the company said, “This is a terrible tragedy for the victims of the accident and their families, co-workers and colleagues. Our condolences are extended to all.”

The drilling program at Homestake Ridge has been discontinued for the balance of this week and will recommence at an appropriate time next week.

On behalf of the Board of Directors

Joseph A. Kizis Jr., Director, President, Bravo Venture Group Inc.

Statements contained in this news release that are not historical facts are forward-looking statements as the term is defined in the private securities litigation reform act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Bravo Venture Group relies upon litigation protection for forward looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management.